🔥 Bitcoin Break Out: Second Try!
In my most recent BTC analysis I wrote about the pending break out of this bullish channel.
Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction.
Most alts corrected around 20% at the lows, which is healthy correction after this kind of run-up.
My short-term view is still bullish. Bitcoin is likely to break out through this channel in the near future. This time, on lower leverage with a more "natural" move instead of a big spike.
Exciting times for crypto.
Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction.
Most alts corrected around 20% at the lows, which is healthy correction after this kind of run-up.
My short-term view is still bullish. Bitcoin is likely to break out through this channel in the near future. This time, on lower leverage with a more "natural" move instead of a big spike.
Exciting times for crypto.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.